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American Bitcoin Gets $100 Million Boost From Scaramuccis

Key Takeaways

  • ​AJ Scaramucci confirmed that his family invested over $100 million in American Bitcoin as part of a $220 million funding round completed before the firm went public;
  • Investors in the round also included Tony Robbins, Charles Hoskinson, Grant Cardone, and Peter Diamandis, alongside the Scaramucci family;
  • AJ’s connection to company president Matt Prusak helped drive the deal, while he noted the investment was unrelated to his father’s political history.

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American Bitcoin Gets $100 Million Boost From Scaramuccis

The family of Anthony Scaramucci has invested more than $100 million in American Bitcoin, a cryptocurrency mining company linked to the sons of US President Donald Trump.

According to a Fortune report, this funding was part of a larger $220 million round completed in July, prior to the company's public listing via a reverse merger in September.

Though the company had not shared details about its investors at the time, AJ Scaramucci later confirmed the size of Solari Capital’s participation. His father, Anthony Scaramucci, also contributed, though on a smaller scale.

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In addition to the Scaramuccis, several other individuals participated in the investment. These include speaker Tony Robbins, Cardano ADA $0.4925 creator Charles Hoskinson, investor Grant Cardone, and entrepreneur Peter Diamandis.

The connection between AJ Scaramucci and the company’s leadership helped pave the way for this involvement. While attending business school at Stanford, AJ roomed with Matt Prusak, who is the president of American Bitcoin.

It was through this personal tie that AJ became aware of the company’s spin-out from Hut 8 and decided Solari Capital should take the lead in funding.

Despite past political tensions, Anthony Scaramucci once served as communications director in Trump’s White House before becoming a political critic.

However, AJ stated that politics had no role in this decision. He emphasized that Bitcoin BTC $95,573.74 stands outside political lines.

Meanwhile, the Czech National Bank (CNB) recently decided to purchase $1 million worth of cryptocurrency. What prompted this decision? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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